Xerox Holdings Corp. plans to transfer its common stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The move will take effect at market open on Sept. 21.
The company will continue to be listed under the ticker symbol XRX after the transfer occurs.
While Xerox continues to deliver workplace products and services for its network of global customers and partners, the company is leveraging its research and development capabilities to advance a variety of new technologies aimed at solving the world’s biggest challenges, company officials said in a statement Thursday. Priority areas of focus include digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech.
“Xerox’s focus on services, software, financing and innovation indicates the direction we’re taking our business for the future. We’re challenging the status quo by developing and leveraging new innovations to create solutions that address major secular challenges across industries,” said Xerox Vice Chairman and CEO John Visentin. “I want to thank the NYSE, our listing exchange for the last 60 years, for its partnership.”
“As a longstanding technology leader, Xerox is continuing to innovate and serve as a champion for its people, customers and shareholders,” said Adena Friedman, president and CEO of Nasdaq. “Xerox’s listing on Nasdaq will allow them to continue creating value for all stakeholders. We’re proud to welcome them to the Nasdaq family.”
Shares of company stock were trading up less than 1 percent at $21.21 midday Thursday.
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